The EU will allocate 1.4 billion euros to Ukraine from proceeds of frozen Russian assets
The European Union will allocate 1.4 billion euros to Ukraine, derived from proceeds of frozen Russian assets. The funding will be used to strengthen the country’s defense capabilities and enhance its resilience.
The President of the European Commission emphasized that the decision to allocate the funds was made against the backdrop of yet another wave of massive Russian attacks on Ukraine’s civilian infrastructure.
According to her, the European Union is using proceeds from frozen Russian assets to ensure that Russia bears financial responsibility for the consequences of its aggression.
“Once again, we are waking up to news of the horrific crimes committed by Russia through its airstrikes on Ukraine. Russia must pay for the destruction it has caused. And we are using funds obtained from frozen Russian assets to ensure that this happens,” said Ursula von der Leyen.
Ukrainian Prime Minister Serhiy Koretsky confirmed that 1.4 billion euros are already being channeled to Ukraine.
According to him, the funding will be used to strengthen the country’s defense and enhance its resilience amid a full-scale war.
“The funds will be used to strengthen our country’s defense and resilience. The response to Russian terror must be to strengthen Ukraine. Russia must pay for every new crime. We thank all our European partners for their principled stance. This gives us strength,” Serhiy Koretsky emphasized.
This was announced by European Commission President Ursula von der Leyen and Ukrainian Prime Minister Serhiy Koretskyi.
Earlier, the Swedish government announced the allocation of 6.9 million Swedish kronor (over 628,000 euros) to the Swecare fund to strengthen Ukraine’s healthcare system in 2026. The funds will be used to support the medical sector and develop cooperation between Ukrainian and Swedish institutions.
Previously, the Swedish government decided to provide Ukraine with a new large-scale package of financial and material aid totaling approximately 1.5 billion Swedish kronor (about 140 million euros).
A €90 billion EU loan will be directed toward the military and preparations for winter, according to Zelenskyy.
Shmyhal discussed deepening cooperation and preparations for winter with the EBRD.
